It is important to recognize that maternity has several direct and indirect expenses, which can be mitigated through proper insurance planning. Published in MoneyControl, Dec 30, 2021 || Written By – ABHISHEK BONDIA Maternity is a frequently claimed expense under health insurance. However, maternity still remains substantially un-insured and under-insured. Over the years, the cost of […]
Media
How to buy the best insurance cover for senior citizen parents?
It’s best to buy insurance at an early age but most of our parents are either without an insurance cover or very inadequate cover. A standalone health insurance policy is often the best choice, but expensive to buy after 60. Here are some other options. Published in MoneyControl, Mar 09, 2022 || Written By – ABHISHEK […]
How can an employer differentiate its overall Employee Benefits design?
There are many facets to preparing a design for an optimum employees benefits program. Below are a few tips that will help you stay ahead and relevant – Aligning the employee-benefit strategy with the overall business objective of the company. You need to periodically revisit the benefits strategy to ensure that it supports business […]
How does the GIPSA package work?
GIPSA stands for General Insurance Public Sector Association. It is an association of the four public sector general insurance companies, namely : The New India Assurance Company Ltd, National Insurance Company Ltd, United India Insurance Company Ltd, & The Oriental Insurance Company General Insurance Public Sector Association packages cover commonly occurring ailments like cataracts, kidney […]
Liability insurance is offered as an add-on with home policies
Liability insurance is offered as an add-on with home policies Published in Livemint. Written by Abhishek Bondia We made a claim on our family health insurance, which we have been renewing for the past 10 years, in 2016 for my husband’s appendix operation. There were no claims before or after that. Will the subsequent years […]
Monthly health plan premiums a positive, but there’s a flip side
Published in Livemint. More and more first-time buyers in the younger age brackets are opting for the monthly premium option when going for health insurance policies, the recent buying pattern on Policybazaar.com, an online marketplace for insurance, shows. The monthly premium option was introduced by the Insurance Regulatory and Development Authority of India (Irdai) in April to […]
Policy evolution post-COVID-19
Published in Asia Insurance Review. A new social ecosystem and work environment is emerging as society deals with the pandemic. Insurance, too, will be transformed. SecureNow.in co-founder Kapil Mehta said, “There will be a significant shift in the insurance covers. “Offices and factories were non-operational and unoccupied for long periods and subject to significant silent […]
Go to the insurance ombudsman to complain about policy mis-selling
Published in Mint on Oct 13 2016, Written by Abhishek Bondia I was promised double returns with additional benefits after 3 years, over the phone, while buying an insurance policy. But when I asked for the returns after 3 years, the company denied as the documents I had signed did not promise it. They […]
Insurers charge an extra premium equal to the out-patient department cover provided
Published in Mint on Oct 06 2016, Written by Abhishek Bondia Is there any health cover which covers medical tests as well, or is it only for hospitalisation? I need to do medical tests on a regular basis due to diabetes. —Arjun Singh There are several health insurance plans that provide outpatient (OPD) cover. […]
You can use a single e-insurance account to hold all your policies
Published in Mint on Sep 29 2016, Written by Abhishek Bondia Can a policyholder have multiple e-insurance accounts if he has insurance policies issued by various insurers? —Nitin Sharma Every investor should have only a single e-insurance account. Using one account, you can store multiple insurance policies issued across various insurers. The purpose of a […]